**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**____________________**

 

**FORM 10-Q**

**____________________**

 

(Mark One)

|   | **x** | **QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** |
|--------|-------|---------------------------------------------------------------------------------------------|

For the quarterly period endedSeptember 30, 2013

or

|   | ** ̈** | **TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** |
|--------|------------|----------------------------------------------------------------------------------------------|

For the transition period                     to                      

Commission File Number 814-00098

**____________________**

**EQUUS TOTAL RETURN, INC.**

**(Exact name of registrant as specifiedin its charter)**

**____________________**

 

 

| **Delaware**                                                            | **76-0345915**                                |
|-------------------------------------------------------------------------|-----------------------------------------------|
| **(State or other jurisdiction of**

**incorporation or organization)** | **(I.R.S. Employer**

**Identification No.)** |
|                                                                    |                                          |
| **Eight Greenway Plaza, Suite 930 Houston, Texas**                      | **77046**                                     |
| **(Address of principal executive offices)**                            | **(Zip Code)**                                |

**Registrant’s telephonenumber, including area code: (713) 529-0900**

**____________________**

 

Indicateby check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports)and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No   ̈

Indicateby check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every InteractiveData File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes   ̈    No   ̈

Indicate by check mark whetherthe registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “acceleratedfiler and large accelerated filer” in Rule 12b-2 of the Exchange Act.

 

|                           |                     |                    |                             |
|--------------------------------|--------------------------|-------------------------|----------------------------------|
| Large accelerated filer  ̈ | Accelerated filer  ̈ | Non-accelerated filer x | Smaller Reporting Company  ̈ |

Indicateby check mark whether the registrant is a shell company.    Yes   ̈    No  x

There were 10,561,646 shares ofthe registrant’s common stock, $.001 par value, outstanding, as of November 14, 2013.

 

 

EQUUS TOTAL RETURN, INC.

(A Delaware Corporation)

INDEX

 

|                                                                                                     | **PAGE**

  |
|----------------------------------------------------------------------------------------------------------|------------------|
| PART I. FINANCIAL INFORMATION                                                                       |             |
| Item 1. Financial Statements                                                                        |             |
| Balance Sheets                                                                                           | 3                |
| Statements of Operations                                                                                 | 4                |
| Statements of Changes in Net Assets                                                                      | 5                |
| Statements of Cash Flows                                                                                 | 6                |
| Supplemental Information—Selected Per Share Data and Ratios                                        | 7                |
| Schedules of Investments                                                                                 | 8                |
| Notes to Financial Statements                                                                            | 12               |
| Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations | 24               |
| Item 3. Quantitative and Qualitative Disclosure about Market Risk                                   | 29               |
| Item 4. Controls and Procedures                                                                     | 30               |
| PART II. OTHER INFORMATION                                                                          |             |
| Item 1. Legal Proceedings                                                                                | 31               |
| Item 1A. Risk Factors                                                                                    | 32               |
| Item 6. Exhibits                                                                                    | 33               |
| SIGNATURE                                                                                                | 34               |

 

 

 

 

 

 

 

 

 

 

EQUUS TOTAL RETURN, INC. 

BALANCE SHEETS 

 

**Part I. Financial Information**

**Item  1.Financial Statements**

 

The accompanying notes are an integralpart of these financial statements.

 

EQUUS TOTAL RETURN, INC.

STATEMENTS OF OPERATIONS 

(Unaudited)

 

****

 

The accompanying notes are an integralpart of these financial statements.

 

 

 

 

 

 

 

 

 

EQUUS TOTAL RETURN, INC. 

STATEMENTS OF CHANGES IN NET ASSETS

(Unaudited)

 

 

The accompanying notes are an integralpart of these financial statements.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EQUUS TOTAL RETURN, INC. 

STATEMENTS OF CASH FLOWS 

(Unaudited)

 

 

The accompanying notes are an integralpart of these financial statements.

 

 

 

 

 

 

 

 

 

 

 

EQUUS TOTAL RETURN, INC. 

SUPPLEMENTAL INFORMATION—SELECTEDPER SHARE DATA AND RATIOS 

(Unaudited)

 

****

**** 

(1)  Totalreturn = [(ending market price per share - beginning price per share) / beginning market price per share].

 

The accompanying notes are an integralpart of these financial statements.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

** **

**EQUUS TOTAL RETURN, INC.**

**SCHEDULE OF INVESTMENTS**

**SEPTEMBER 30, 2013**

**(Unaudited)**

***(in thousands, except share data)***

** **

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